In 2023, the production value for gutted fresh sharks, rays, and chimaeras in UK capture fisheries stood as a baseline before a forecasted decline. In 2024, there is a slight decrease to 1.06 thousand euros per metric ton. Subsequently, the forecast reveals a downward trend through 2028, with values dropping annually. Year-on-year variations showcase a diminishing rate, indicating a steady reduction in value, with a compound annual growth rate (CAGR) over five years reflecting this consistent decline. Observing the broader period from 2024 to 2028 indicates overall reduction concerns.
Future trends to watch include regulatory impacts on capture fisheries, potential shifts in consumer preferences, and environmental challenges affecting fish populations. Innovations in sustainable fishing practices may also influence this market sector.
